--- title: "Huabao Limited received a Wind ESG BBB rating, with a total score of 6.77" type: "News" locale: "en" url: "https://longbridge.com/en/news/288149751.md" description: "Huabao Limited received a Wind ESG BBB rating, with a comprehensive score of 6.77, higher than the industry average for the food sector. It ranks 64th among 231 peer companies in the same industry. Compared to the previous period, its comprehensive score decreased by 1.28 points, mainly due to a comprehensive decline in environmental, social, and governance dimensions, with a significant reduction in management practices contribution. Although the company performs well in energy management and occupational health and safety, there is still room for improvement in water resources and raw materials disclosure" datetime: "2026-05-30T15:22:09.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/288149751.md) - [en](https://longbridge.com/en/news/288149751.md) - [zh-HK](https://longbridge.com/zh-HK/news/288149751.md) --- # Huabao Limited received a Wind ESG BBB rating, with a total score of 6.77 According to Tongbi Finance, on May 29, 2026, Huabao Fragrance Co., Ltd. (stock abbreviation: Huabao Limited, code: 300741.SZ) received a latest Wind ESG rating of BBB. The company's comprehensive score is 6.77, higher than the food industry average of 5.71. It ranks 64th among 231 companies in the food industry, placing it in the top 27.71% of the industry. The scores for the environmental, social, and governance dimensions are 3.89, 5.25, and 7.25, respectively. Compared to the previous rating, the comprehensive score decreased from 8.05 to 6.77, a decline of 1.28 points. The contribution from management practices dropped from 5.05 to 3.79, a decrease of 1.26 points. The contribution from controversy events remained stable at 2.98. In terms of dimensions, the environmental dimension decreased by 1.22 points, the social dimension decreased by 2.68 points, and the governance dimension decreased by 0.88 points. ## Rating Observation In the environmental dimension, the company has demonstrated certain organizational capabilities in energy management and climate change governance. The company has established an energy management system based on the ISO 50001:2018 standard and has formulated specific regulations such as the "Energy Management System" and "Electricity Conservation Management System." The total energy consumption is 2,476.76 tons of standard coal, with renewable energy accounting for 0.1157%. In terms of climate governance, the company has set up a working mechanism composed of decision-making, management, and execution levels, and established an ESG climate project working group to promote carbon emission data management and the application of energy-saving and emission-reduction technologies. By 2025, the company plans to integrate green and low-carbon concepts throughout its production and operation processes, aiming to build an environmentally friendly enterprise. However, the disclosure in the areas of water resources and raw materials is relatively limited, lacking target setting and certification information, indicating room for improvement in these areas in the future. In the social dimension, the company has provided comprehensive disclosures regarding occupational health and safety management and supply chain governance. The company's headquarters and several subsidiaries have obtained ISO 45001 occupational health and safety management system certification, with an occupational disease incidence rate and work-related death rate of 0, and an investment of CNY 609,500 in safety production management, accounting for 0.045% of operating income. The company has developed and practiced emergency plans focusing on key risk scenarios such as fire and mechanical injuries, conducting a total of 11 drills in 2025. In supply chain management, the company integrates ESG requirements into the entire supplier evaluation process, establishing an evaluation system covering environmental and labor practices, and implementing graded on-site audits for high-risk suppliers. However, the information disclosure regarding environmental protection in the supply chain and the proportion of sustainably certified suppliers still needs improvement. In the governance dimension, the company has demonstrated a strong board balance mechanism and certain ESG governance capabilities. The proportion of independent directors on the board is 33.33%, with no independent director serving more than 6 or 9 years, indicating a certain level of independence and rotation mechanism. The company's CEO does not concurrently serve as chairman, further strengthening the checks and balances between the board and management. Additionally, the company has established a three-tier ESG governance structure, including the board of directors, the strategy and ESG committee, and the ESG management office, clarifying the responsibilities at each level The proportion of female executives has reached 66.67%, but the proportion of female directors is only 22.22%, indicating that the diversity at the executive level is higher than that at the board level. Some ESG governance implementation measures, such as linking executive compensation to ESG and ESG training, have not been disclosed, which may affect the further enhancement of governance effectiveness. 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